Bitcoin Reach New ATH, Altcoins Soar

• Bitcoin and Ethereum led the market with strong breakouts, holding key support levels into June. 

• Dogecoin and Shiba Inu showed high volatility with Fibonacci-aligned retracements and bullish continuation patterns. 

• Altcoins like TRON, ADA, and BNB formed strong technical bases, signaling potential for rotation-driven rallies. 

May 2025 witnessed a dynamic and multifaceted period for the cryptocurrency market, marked by sharp fluctuations, key technical developments, and evolving investor sentiment across major digital assets. As institutional interest continued to grow and regulatory discussions intensified, digital assets demonstrated both resilience and vulnerability across different segments.  

This report provides a detailed technical and trend-based analysis of major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Toncoin (TON), Binance Coin (BNB), Ripple (XRP), Solana (SOL), Dogecoin (DOGE), TRON (TRX), Cardano (ADA), and Shiba Inu (SHIB), capturing price action, volume activity, and chart patterns over the month of May 2025. 

Bitcoin experienced a strong bullish phase during the first half of May 2025, followed by consolidation and a minor correction toward the end of the month. 

The chart displayed a well-defined ascending triangle pattern forming from early May, with the breakout happening mid-month. 

started the month around the $93,000–95,000 range and surged to a monthly high of approximately $113,000 before retracing. 

The harmonic structure labeled on the chart (XABCD pattern) highlighted key pivot points with: 

• Point A near the start of May at a low 

• Point C representing the high around May 25 

• Subsequent decline formed the D point and was followed by a bounce. 

Volume analysis showed a substantial increase during the breakout, confirming the bullish momentum. 

Post-breakout, volumes tapered off, consistent with a typical consolidation phase. 

The price has stabilized near the $105,000 level as of early June, suggesting a potential continuation if the level holds. 

Higher highs and higher lows throughout the month indicated a strong uptrend. 

The consolidation after point D may provide a setup for another bullish leg if volume and macro sentiment support it. 

Key support is around $101,000 and resistance is near the $107,500 zone.

Ethereum showed robust growth through May 2025, capitalizing on network developments and overall bullish sentiment in the crypto market. The asset’s price action reflected both strong bullish rallies and a well-distributed consolidation range. 

began May around the $1,730–1,750 range. 

A sharp breakout occurred after May 7, with price accelerating above the $2,400 level and reaching a high of $2,788 around May 30. 

The chart presents clear pivot points, emphasizing significant support and resistance levels: 

• Support Levels: $1,752, $1,842, $2,323 

• Resistance Zones: $2,738, $2,788 

After reaching its high, ETH entered a brief corrective phase, forming higher lows that suggest buyers are defending price dips aggressively. 

Volume surged during breakout periods, especially during the parabolic rise in mid-May. 

Sustained higher-than-average volume levels support the validity of bullish breakouts and the reliability of pivot levels. 

Pivot High-Low (HL) points clearly outlined the uptrend structure. 

Price remained consistently above prior resistance levels, now acting as support. 

While ETH faced resistance near $2,800, the retracement has been shallow—suggesting underlying strength. 

The trend remains bullish unless price closes below the key support level of $2,323. 

A close above $2,788 would open the possibility of testing $3,000 next. 

The healthy volume structure, combined with higher pivot lows, supports a bullish continuation thesis for early June. 

demonstrated a mixed technical outlook during May 2025, transitioning from a strong uptrend into a correction phase and attempting recovery toward the end of the month. The chart reflects a volatile market environment influenced by both sentiment shifts and volume fluctuations. 

XRP entered May trading around $2.25, continuing its bullish momentum from late April. 

The price surged above $2.60, reaching a high near $2.67 in mid-May. 

Following the peak, XRP underwent a pronounced correction, dipping below $2.10 before bouncing back to the $2.25–2.30 range by early June. 

The overall structure illustrates a rounded top, with declining highs and stronger sell pressure between May 20–June 5. 

The Volume Oscillator (5,10) showed a declining trend throughout May, bottoming out around –6.46%, which suggests waning buying interest during the latter half of the month. 

Multiple negative volume oscillator spikes indicate that selling volumes consistently outpaced buying, especially after the peak. 

However, the oscillator also bounced off its lows in early June, pointing to a modest recovery attempt. 

XRP failed to maintain higher highs, signaling weakening bullish momentum. 

The recovery zone near $2.25 is acting as a short-term resistance. 

Price remains well above key long-term supports around $2.00, which may serve as a floor for renewed accumulation. 

The current price of $2.2572 hovers near a key inflection point. 

Breakout potential above $2.30 may lead to a retest of the previous resistance zone at $2.45–2.60. 

If bearish momentum returns, support levels to watch include $2.10 and $2.00. 

Binance Coin (BNB) demonstrated a steady recovery trajectory through May 2025, with price action forming a gradually rising channel. The asset maintained technical resilience despite broader market fluctuations, aided by consistent buy-side interest and a controlled trend environment.

BNB began May trading around $570, steadily advancing to a local peak of $635 in late May. 

The chart highlights a symmetrical formation bounded by an upward sloping trendline and horizontal resistance near $640. 

Price attempted multiple breakouts near the upper boundary but faced rejection, leading to short-term pullbacks while preserving higher lows. 

BNB moved largely within the confines of its Bollinger Bands (20,2), rarely violating either the upper or lower bands. 

The mid-Bollinger Band (20-period moving average) served as dynamic support, keeping the trend intact. 

Price currently trades near $618.6, hugging the upper band but showing signs of mild exhaustion. 

Steady, moderate volume supported the upward trend, with no major volume spikes indicating capitulation or aggressive accumulation. 

A balanced volume structure suggested controlled growth rather than speculative surges. 

The price movement appeared well-supported by long-term holders and incremental demand. 

Resistance remains firm at $640, a key barrier that has been tested repeatedly without a confirmed breakout. 

Support zone lies around $592, near the mid-Bollinger Band. 

Sustained close above $625 may result in an upward push toward $660, while a breakdown below $592 would weaken the current bullish structure. 

delivered a particularly volatile performance during May 2025, reflecting sharp rallies followed by equally abrupt retracements. The asset traded within an expanding range, with technical indicators pointing toward market indecision and speculative trading patterns dominating. 

Solana initiated the month around $141 and ascended to a peak of approximately $178 before retreating. 

The price followed an upward wedge formation, which eventually gave way to a pullback toward the $155–160 support region. 

The highest peak was registered around May 23–24, after which a correction phase emerged with increased selling volume. 

The chart utilized a Fibonacci extension overlay (0.618 to 1.618), where the 100% extension target near $176.46 was reached precisely before the reversal. 

Price action responded predictably to Fibonacci pivot zones, with support found near the 61.8% retracement of the recent rally. 

The price is currently trading near $163.9, hovering above the 78.6% Fibonacci level—indicating a potential bounce zone. 

Volume surged during the upswing to $178, particularly during the breakout from $152. 

The retracement phase witnessed declining volume, suggesting a lack of conviction among sellers. 

RSI and MACD (not explicitly shown in the chart but implied by volume and structure) would likely indicate a cooling-off period with potential for trend continuation upon confirmation. 

Resistance levels lie at $170.5 and $178, with psychological resistance at $180. 

Strong support is situated at $160.7 and further down at $152.2. 

A sustained close above $165 would strengthen the bull case, while a dip below $152 could suggest a trend reversal.

Cardano (ADA) experienced a structured and steady rally during May 2025, advancing within a strong bullish channel while maintaining critical support levels. The coin attracted renewed interest from both long-term holders and short-term speculators, driven by network updates and broader market optimism. 

ADA opened the month near $0.4556 and rallied to a high of $0.5377 by mid-to-late May. 

The chart utilized Fibonacci extension levels from a prior low-to-high sequence, showing: 

• 100% Extension Level: $0.5131 

• 127.2% Extension Level: $0.5294 

• 161.8% Extension Level: $0.5513 (not reached in May) 

Price peaked precisely near the 127.2% level before undergoing a mild correction. 

Also Read – 5 Must-Buy Cryptos for May 2025: Cardano, Solana, XRP, Dogecoin & Remittix 

Support levels as identified by Fibonacci retracement: 

As of early June, ADA is trading around $0.4983, having bounced off the 61.8% retracement zone, suggesting a high-probability reversal setup.

A bullish continuation pattern was evident from higher lows throughout May. 

Pullbacks were accompanied by reduced volume, indicating lack of aggressive selling. 

Momentum indicators (not shown on chart) would likely indicate neutral to bullish divergence, based on price behavior and support holding zones. 

Resistance levels to reclaim include $0.5131 and $0.5294. 

Price stability above $0.495 will be key for another upward attempt. 

A drop below $0.4685 would weaken the bullish thesis and introduce a more prolonged correction. 

Dogecoin (DOGE) sustained bullish momentum throughout most of May 2025, marked by speculative enthusiasm and periodic profit-taking. Price action was driven by volatile intraday swings, with the broader structure reflecting a high-risk, high-reward market psychology. 

DOGE commenced May trading at approximately $0.183, rallying to a monthly high of $0.221. 

The chart structure indicates an ascending wedge followed by a breakout attempt around mid-May. 

Following the rally, the price retraced mildly and stabilized in the $0.202–0.208 range, indicating continued interest from buyers. 

Price frequently interacted with the upper Bollinger Band, suggesting repeated attempts at upward momentum. 

During consolidations, DOGE reverted to the 20-period SMA, which served as a dynamic support level. 

As of early June, the price remains near the upper half of the Bollinger envelope at $0.2023, showing the potential for continuation if support levels hold. 

Volume surges were highly correlated with upward breakouts, while consolidations saw reduced activity. 

Mid-May saw a notable spike in volume concurrent with the breakout from $0.195 to $0.220, supporting the reliability of the move. 

No aggressive selling volume was observed post-peak, suggesting that profit-taking was gradual rather than panic-driven. 

Resistance levels are observed at $0.215, $0.221, and $0.228. 

Key support lies at $0.195, and stronger demand could emerge near $0.185, the early May breakout base. 

A close above $0.215 could trigger another leg upward, while failure to hold $0.195 could signal deeper retracement risk. 

Shiba Inu (SHIB) maintained a strong bullish undertone throughout May 2025, with price action showcasing explosive early-month growth followed by stabilization at higher support levels. The asset attracted speculative trading interest, resulting in volatile swings yet maintaining an overarching upward trajectory. 

SHIB opened May trading near 0.00002226 and surged to a peak of 0.00002738, marking over 20% growth in just a few weeks. 

The chart demonstrates a clear application of Fibonacci retracement and extension levels: 

Price reacted sharply to the 127.2% level before entering a retracement phase. 

After topping near 0.00002738, SHIB retraced to 0.00002515, corresponding to the 38.2% Fibonacci level. 

• 0.00002515 (38.2% Fib) 

• 0.00002412 (50% Fib) 

As of early June, SHIB trades near 0.00002538, slightly above critical short-term support, indicating strength in holding gains. 

Also Read – Shiba Inu’s Rollercoaster: Meme Coin Rides Market Volatility 

Trading volume spiked significantly during the upward surge, particularly from 0.00002350 to 0.00002700. 

Following the peak, volume declined in tandem with a price pullback, suggesting profit-taking rather than panic selling. 

Consolidation was well-structured, with higher lows maintaining the bullish bias. 

Key resistance remains at 0.00002642 and 0.00002738, which, if broken, could open the door to the 0.00002900 zone. 

Sustained trading above 0.00002500 may trigger renewed upside. 

A break below 0.00002400 would weaken the structure, potentially revisiting 0.00002250. 

TRON (TRX) exhibited a pronounced bullish trend through the month of May 2025, characterized by an aggressive rally followed by a technical pullback and stabilization. The structure reflected strong breakout energy early in the month, succeeded by a controlled retracement and potential base-building. 

TRX began the month trading near $0.127 and climbed to a local high of $0.1429, representing a gain of over 12% within two weeks.

 The price action formed a parabolic rally that peaked mid-May, followed by a classic Fibonacci retracement down to the 38.2% and 50% levels. 

The 100% Fibonacci extension was reached precisely before the trend cooled off, aligning with standard harmonic projection targets. 

The Fibonacci retracement tool shows the retracement pivoting from the 0.0 level ($0.1273) to the 1.0 level ($0.1429), with support found at: 

• 38.2% level: ~$0.1375 

• 50% level: ~$0.1351 

• 61.8% level: ~$0.1327 

The price bounced from the 50% retracement level, consolidating near $0.1374 by early June, a sign of stabilization. 

The ascending trendline held firm throughout May, reinforcing bullish momentum. 

Despite the retracement, no lower lows were formed, indicating that bullish sentiment remained intact. 

The controlled nature of the pullback supports the notion of ongoing accumulation rather than distribution. 

Resistance lies at $0.1429 (recent peak) and $0.1455 (psychological threshold). 

Key support levels include $0.1350 (50% Fib retracement) and $0.1327 (61.8% Fib). 

A clean break above $0.1429 would likely lead to a retest of $0.148, while a drop below $0.132 would threaten the bullish structure. 

Toncoin exhibited notable volatility in May 2025, oscillating between sharp rallies and corrective pullbacks. The 4-hour chart with Bollinger Bands reveals several phases of price expansion and contraction, offering insight into the coin’s technical behavior throughout the month. 

TON fluctuated within a broad range of $2.90 to $3.70, with key peaks occurring mid-May and again in early June. 

The price rallied sharply in the first half of May, reaching a high above $3.60, before pulling back toward the $3.00–3.10 support zone. 

The latter part of May and early June showed sideways consolidation between the lower Bollinger Band (approx. $3.05) and the upper band (approx. $3.26), reflecting reduced volatility. 

The expansion of Bollinger Bands in mid-May indicated strong directional momentum during the rally. 

In late May, the bands contracted, signaling a period of consolidation with low volatility and uncertainty in trend direction. 

TON’s price remained closely aligned with the 20-period SMA, which acted as a dynamic support and resistance area.

Volume peaked during the price breakout and collapsed during sideways movement, a typical pattern indicating profit-taking and indecision.

The final surge in volume near the end of May hinted at a potential trend change but lacked follow-through. 

Key support: $3.05, lower Bollinger Band region. 

Resistance: $3.26, upper band and previous supply zone. 

Price hovering near the middle Bollinger Band suggests indecision; a breakout beyond the bands could offer the next directional clue. 

As of early June, the lack of momentum implies TON may remain in range-bound behavior until a catalyst induces renewed volatility. 

The cryptocurrency market in May 2025 was marked by broad-based gains, technical breakouts, and evolving macroeconomic narratives. Across the top assets analyzed—Bitcoin, Ethereum, Toncoin, Ripple, Binance Coin, Solana, Dogecoin, TRON, Cardano, and Shiba Inu—a pattern of strong early-month momentum followed by consolidation and technical retracement emerged as the dominant theme. 

Macroeconomic uncertainty continued to fuel interest in decentralized assets, with investors viewing crypto as a hedge amid inflation concerns and geopolitical disruptions. 

Regulatory signals from both U.S. and Asian markets introduced mixed sentiment. While several stablecoin frameworks gained approval, others remained under scrutiny. 

Institutional engagement increased marginally, as evidenced by rising derivatives volumes and continued ETF inflows in BTC and ETH-related products. 

Bitcoin (BTC) continued to act as a bellwether, breaking through key psychological levels and displaying technical strength despite minor corrections. Its dominance remained stable near 49–50%. 

Ethereum (ETH) outperformed expectations, driven by scaling roadmap developments and increasing staking participation, showing healthy consolidation above prior resistance. 

Altcoin Rotation: Toncoin, Solana, and Shiba Inu emerged as high-volatility, high-reward assets in May, with sharp rallies and pronounced Fibonacci-compliant corrections.

Volume Trends: Most major coins saw strong volume growth during rallies but lower participation during retracements—indicative of profit-taking rather than fear-driven selling. 

Layer 1 Chains: Ethereum and Solana led Layer 1 narratives, with developers migrating toward lower-fee chains as scaling solutions mature.

Meme Coins & Community Tokens: DOGE and SHIB sustained investor interest, though short-term corrections highlighted the speculative nature of these assets.

Exchange Tokens: BNB’s steady upward channel reflected continued confidence in the Binance ecosystem amid market stability.

Watch for Breakouts: Bitcoin above $107,500 and Ethereum above $2,788 may trigger market-wide bullish continuations.

Altcoin Rotation Phase: TRX, ADA, and DOGE show strong technical setups for further gains, contingent on volume confirmation.

Risk Factors: Regulatory clampdowns, geopolitical news, or sharp interest rate shifts may serve as negative catalysts.

Volatility Compression: Many coins are approaching key inflection zones with narrowing Bollinger Bands, suggesting imminent directional moves.

May 2025 solidified the broader bullish structure established earlier in the year, with multiple assets reaching new yearly highs or testing major resistance zones. While momentum slowed toward month-end, technical structures remain constructive across most major coins. The coming weeks may determine whether the crypto market can sustain its current trajectory or enter a deeper consolidation phase.